UPDATE: Jefferies Starts European Wax Center (EWCZ) at Buy

Jefferies analyst Randal Konik initiates coverage on European Wax Center (NASDAQ: EWCZ) with a Buy rating and a price target of $33.00.

The analyst comments "European Wax Center is the category leader in the large, growing, and highly fragmented out-of-home waxing industry. The business's recurring revenue model, strong unit economics, predictable growth, and asset-light nature are reminiscent of other leading SaaS (Service as a Service) platforms such as PLNT, in our view. Initiate at Buy, $33 PT."

For an analyst ratings summary and ratings history on European Wax Center click here. For more ratings news on European Wax Center click here.

Shares of European Wax Center closed at $24.26 yesterday.

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